Chass
Galoc becomes uneconomic at $20 per barrel
BTW according to slide 13 of NDO's Feb conference presentation Galoc, produces US$47 of revenue for the JV partners for US$60 Brent.
Doing the math, at US$76 Brent, that's US$63 per barrel. With the exchange rate at 0.64, that's AUD $98 per barrel. That's good money in anyone's books
Its reasonable to assume that NDO pays its international bills in USD and receives its revenue in USD; local bills like Aussie wages etc would be in AUD. Expect there's some hedging on exchange rates and oil price
now is the tome for share consolidation, page-5
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Last
78.0¢ |
Change
-0.015(1.89%) |
Mkt cap ! $177.8M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 78.0¢ | $104.5K | 132.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14000 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 127 | 1 |
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